06:25 AM EDT, 06/23/2025 (MT Newswires) -- Bank of New York Mellon ( BK ) recently approached Northern Trust ( NTRS ) to express interest in a potential merger between the companies, The Wall Street Journal reported, citing people familiar with the matter.

The respective chief executives of both companies had at least one conversation, the unnamed sources told the publication, though the companies didn't discuss a specific offer.

Bank of New York Mellon's ( BK ) next step might include returning to Northern Trust ( NTRS ) with a formal bid, according to the report.

Northern Trust ( NTRS ) is not interested in pursuing a deal with Bank of New York Mellon ( BK ), the WSJ reported, citing a person familiar with the company's plans.

The companies didn't immediately respond to MT Newswires' requests for comment.

Northern Trust ( NTRS ) shares were up 4.6% in recent premarket activity Monday, while Bank of New York Mellon ( BK ) rose 0.1%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)